Medical Display Monitors Market
PUBLISHED: 2024 ID: SMRC25176
SHARE
SHARE

Medical Display Monitors Market

Medical Display Monitors Market Forecasts to 2030 - Global Analysis By Display Color (Grey scale and Color), Aspect Ratio (16:09 and 21:09), Resolution, Panel size, Technology, Application and By Geography

4.9 (59 reviews)
4.9 (59 reviews)
Published: 2024 ID: SMRC25176

This report covers the impact of COVID-19 on this global market
Loading...

Years Covered

2021-2030

Estimated Year Value (2023)

US $619.81 MN

Projected Year Value (2030)

US $1,021.61 MN

CAGR (2023 - 2030)

7.4%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

North America

Highest Growing Market

Asia Pacific


According to Stratistics MRC, the Global Medical Display Monitors Market is accounted for $619.81 million in 2023 and is expected to reach $1,021.61 million by 2030 growing at a CAGR of 7.4% during the forecast period. Medical display monitors are specialized screens used in healthcare settings to visualize medical images such as X-rays, MRIs, CT scans, and other diagnostic imaging. These monitors are designed to meet strict medical imaging standards, ensuring accurate and high-resolution representation of medical data. They are calibrated to display precise and consistent colors, allowing healthcare professionals to make accurate diagnoses. 

According to the American Cancer Society (ACS), the number of cancer cases diagnosed in the U.S. would stand at 1,688,780 for the year 2017. It was also estimated that in 2017, almost 13% of young population (20 years and above) would be affected by rare cancer in the ratio of 6 cases per 100,000. 



Market Dynamics: 

Driver: 

Increasing awareness about early diagnosis

As healthcare stakeholders prioritize preventive measures, there is a growing emphasis on the importance of early detection and timely intervention. Medical display monitors play a crucial role in facilitating accurate and detailed imaging for diagnostic purposes. With heightened awareness among healthcare professionals and patients about the impact of early diagnosis on treatment outcomes, the demand for advanced, high-resolution display monitors has surged. This trend is further fueled by technological advancements in medical imaging, reinforcing the significance of early detection in improving patient outcomes and reducing healthcare costs.

Restraint:

Costs and affordability

The cost and affordability restraints in the medical display monitor market are shaped by the advanced technologies and stringent quality standards required for medical imaging. High-resolution displays with precise color reproduction and DICOM compliance contribute to elevated manufacturing costs. Regulatory compliance, including certifications for medical use, further adds to expenses. The niche market size and specialized manufacturing processes limit economies of scale, making it challenging to achieve cost reductions. 

Opportunity:

Digital pathology and surgical displays

Digital pathology involves the use of digital technology to process, manage, and interpret pathology information from glass slides. In the context of medical display monitor market opportunities, the integration of high-quality surgical displays is crucial for digital pathology and surgical procedures. Medical display monitors tailored for these applications provide enhanced visualization of pathology images, enabling accurate diagnostics and streamlined surgical interventions. This creates a significant market opportunity as healthcare institutions increasingly adopt digital pathology solutions, driving demand for specialized medical displays that deliver precision and clarity.

Threat:

Regulatory compliance and certification

In the medical display monitor market, regulatory compliance and certification pose significant threats. Stringent regulatory requirements, such as those set by organizations like the FDA and the European Medicines Agency, demand adherence to strict quality and safety standards. Failure to meet these standards can result in legal consequences, product recalls, and damage to the manufacturer's reputation. Obtaining and maintaining certifications, such as ISO 13485 for medical devices, is crucial but can be a complex and resource-intensive process. 

Covid-19 Impact: 

With the surge in healthcare demands, there has been a heightened need for advanced diagnostic and imaging technologies, driving the demand for high-quality medical display monitors. The increased use of telemedicine and remote diagnostics during the pandemic has further fueled this demand. However, supply chain disruptions and manufacturing challenges have led to temporary shortages and delays in product availability. As healthcare facilities adapt to the new normal, the medical display monitor market is expected to witness sustained growth, driven by ongoing investments in healthcare infrastructure and technology to enhance diagnostic capabilities.

The color segment is expected to be the largest during the forecast period

The color segment in the medical display monitor market has witnessed significant growth due to the increasing demand for accurate and high-resolution imaging in medical diagnostics. As medical imaging technologies advance, the need for displays with superior color reproduction and clarity becomes paramount. Color displays play a crucial role in accurately visualizing medical images such as X-rays, MRIs, and CT scans, enabling healthcare professionals to make precise diagnoses. Additionally, the growing adoption of advanced imaging modalities, coupled with the emphasis on early and accurate disease detection, continues to drive the expansion of the color segment in the medical display monitor market.

The general radiology segment is expected to have the highest CAGR during the forecast period

The general radiology segment is experiencing substantial growth in the medical display monitor market due to advancements in imaging technologies and an increasing demand for high-quality diagnostic displays. The rising prevalence of various medical conditions and the need for accurate and detailed imaging for diagnostic purposes are driving the adoption of specialized radiology monitors. Moreover, a growing emphasis on early detection and diagnosis is fuelling the demand for improved visualization tools in general radiology. Furthermore, this growth is likely to persist as healthcare facilities worldwide prioritize investing in state-of-the-art imaging solutions to enhance diagnostic capabilities.

Region with largest share:

North America has experienced significant growth in the medical display monitor market, driven by advancements in healthcare technology. The region's robust healthcare infrastructure, coupled with a rising focus on early and accurate diagnosis, has fuelled the adoption of advanced display solutions. Moreover, the prevalence of chronic diseases and the need for effective medical imaging have further boosted the market. Technological innovations, such as high-resolution displays and colour accuracy, have also contributed to the surge in demand. 

Region with highest CAGR:

The Asia-Pacific region has experienced substantial growth in the medical display monitor market, driven by increasing healthcare infrastructure development, rising demand for advanced diagnostic imaging technologies. The adoption of digital imaging systems, such as PACS, has fuelled the need for high-quality medical display monitors in the region. Additionally, government initiatives and investments in healthcare technology across countries like China, Japan, and India have played a pivotal role in accelerating market expansion. 

Key players in the market

Some of the key players in Medical Display Monitors market include Advantech Co. Ltd., ASUSTeK Computer Inc, Barco NV, Dell Technologies Inc , Double Black Imaging, Eizo Corp, FUJIFILM Corp, HP Inc, Koninklijke Philips N.V., LG Corp, Qisda Corp, Richardson Electronics Ltd, Siemens Healthineers AG and Sony Group Corp.

Key Developments:

In January 2023, Dell Technologies has introduced ObjectScale version 1.3, a groundbreaking software innovation that redefines the landscape of object storage. This latest release is offered as a fully integrated, turnkey solution, and takes the form of ObjectScale XF960, an all-flash appliance that brings unprecedented speed, sustainability, and security to object storage architecture.

In November 2023, Leading Taiwan-based tech brand Asustek Computer Inc. is planning to set up a production line in the United States, with mass production scheduled for 2024. In a statement, Asustek confirmed that it will assemble semi-finished products for server production in the facility planned for Silicon Valley at a time of booming opportunities worldwide created by advances in artificial intelligence applications.

Display Colors Covered:
• Grey scale
• Color

Aspect Ratios Covered:
• 16:09 
• 21:09 
• 4:03 

Resolutions Covered:
• Up to 2MP 
• 3MP–4MP 
• 5MP–8MP 
• Above 8MP 

Panel sizes Covered:
• Under 22.9 inches  
• 23.0–26.9 inches  
• 27.0–41.9 inches  
• Above 42 inches  

Technologies Covered:
• Cold Cathode Fluorescent Lamps (CCFL)   
• Light Emitting diode (LED)   
• Organic Light Emitting Diodes (OLED)   

Applications Covered:
• Dentistry  
• Digital Pathology  
• Mammography  
• General Radiology  
• Surgery  
• Other Applications  

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary           
            
2 Preface           
 2.1 Abstract          
 2.2 Stake Holders          
 2.3 Research Scope          
 2.4 Research Methodology          
  2.4.1 Data Mining         
  2.4.2 Data Analysis         
  2.4.3 Data Validation         
  2.4.4 Research Approach         
 2.5 Research Sources          
  2.5.1 Primary Research Sources         
  2.5.2 Secondary Research Sources         
  2.5.3 Assumptions         
            
3 Market Trend Analysis           
 3.1 Introduction          
 3.2 Drivers          
 3.3 Restraints          
 3.4 Opportunities          
 3.5 Threats          
 3.6 Technology Analysis          
 3.7 Application Analysis          
 3.8 Emerging Markets          
 3.9 Impact of Covid-19          
            
4 Porters Five Force Analysis           
 4.1 Bargaining power of suppliers          
 4.2 Bargaining power of buyers          
 4.3 Threat of substitutes          
 4.4 Threat of new entrants          
 4.5 Competitive rivalry          
            
5 Global Medical Display Monitors Market, By Display Color           
 5.1 Introduction          
 5.2 Grey scale          
 5.3 Color          
            
6 Global Medical Display Monitors Market, By Aspect Ratio           
 6.1 Introduction          
 6.2 16:09          
 6.3 21:09          
 6.4 4:03          
            
7 Global Medical Display Monitors Market, By Resolution           
 7.1 Introduction          
 7.2 Up to 2MP          
 7.3 3MP–4MP          
 7.4 5MP–8MP          
 7.5 Above 8MP          
            
8 Global Medical Display Monitors Market, By Panel size           
 8.1 Introduction          
 8.2 Under 22.9 inches          
 8.3 23.0–26.9 inches          
 8.4 27.0–41.9 inches          
 8.5 Above 42 inches          
            
9 Global Medical Display Monitors Market, By Technology           
 9.1 Introduction          
 9.2 Cold Cathode Fluorescent Lamps (CCFL)          
 9.3 Light Emitting diode (LED)          
 9.4 Organic Light Emitting Diodes (OLED)          
            
10 Global Medical Display Monitors Market, By Application           
 10.1 Introduction          
 10.2 Dentistry          
 10.3 Digital Pathology          
 10.4 Mammography          
 10.5 General Radiology          
 10.6 Surgery          
 10.7 Other Applications          
            
11 Global Medical Display Monitors Market, By Geography           
 11.1 Introduction          
 11.2 North America          
  11.2.1 US         
  11.2.2 Canada         
  11.2.3 Mexico         
 11.3 Europe          
  11.3.1 Germany         
  11.3.2 UK         
  11.3.3 Italy         
  11.3.4 France         
  11.3.5 Spain         
  11.3.6 Rest of Europe         
 11.4 Asia Pacific          
  11.4.1 Japan         
  11.4.2 China         
  11.4.3 India         
  11.4.4 Australia         
  11.4.5 New Zealand         
  11.4.6 South Korea         
  11.4.7 Rest of Asia Pacific         
 11.5 South America          
  11.5.1 Argentina         
  11.5.2 Brazil         
  11.5.3 Chile         
  11.5.4 Rest of South America         
 11.6 Middle East & Africa          
  11.6.1 Saudi Arabia         
  11.6.2 UAE         
  11.6.3 Qatar         
  11.6.4 South Africa         
  11.6.5 Rest of Middle East & Africa         
            
12 Key Developments           
 12.1 Agreements, Partnerships, Collaborations and Joint Ventures          
 12.2 Acquisitions & Mergers          
 12.3 New Product Launch          
 12.4 Expansions          
 12.5 Other Key Strategies          
            
13 Company Profiling           
 13.1 Advantech Co. Ltd.          
 13.2 ASUSTeK Computer Inc          
 13.3 Barco NV          
 13.4 Dell Technologies Inc          
 13.5 Double Black Imaging          
 13.6 Eizo Corp          
 13.7 FUJIFILM Corp          
 13.8 HP Inc          
 13.9 Koninklijke Philips N.V.          
 13.10 LG Corp          
 13.11 Qisda Corp          
 13.12 Richardson Electronics Ltd          
 13.13 Siemens Healthineers AG          
 13.14 Sony Group Corp          
            
List of Tables            
1 Global Medical Display Monitors Market Outlook, By Region (2021-2030) ($MN)           
2 Global Medical Display Monitors Market Outlook, By Display Color (2021-2030) ($MN)           
3 Global Medical Display Monitors Market Outlook, By Grey scale (2021-2030) ($MN)           
4 Global Medical Display Monitors Market Outlook, By Color (2021-2030) ($MN)           
5 Global Medical Display Monitors Market Outlook, By Aspect Ratio (2021-2030) ($MN)           
6 Global Medical Display Monitors Market Outlook, By 16:09 (2021-2030) ($MN)           
7 Global Medical Display Monitors Market Outlook, By 21:09 (2021-2030) ($MN)           
8 Global Medical Display Monitors Market Outlook, By 4:03 (2021-2030) ($MN)           
9 Global Medical Display Monitors Market Outlook, By Resolution (2021-2030) ($MN)           
10 Global Medical Display Monitors Market Outlook, By Up to 2MP (2021-2030) ($MN)           
11 Global Medical Display Monitors Market Outlook, By 3MP–4MP (2021-2030) ($MN)           
12 Global Medical Display Monitors Market Outlook, By 5MP–8MP (2021-2030) ($MN)           
13 Global Medical Display Monitors Market Outlook, By Above 8MP (2021-2030) ($MN)           
14 Global Medical Display Monitors Market Outlook, By Panel size (2021-2030) ($MN)           
15 Global Medical Display Monitors Market Outlook, By Under 22.9 inches (2021-2030) ($MN)           
16 Global Medical Display Monitors Market Outlook, By 23.0–26.9 inches (2021-2030) ($MN)           
17 Global Medical Display Monitors Market Outlook, By 27.0–41.9 inches (2021-2030) ($MN)           
18 Global Medical Display Monitors Market Outlook, By Above 42 inches (2021-2030) ($MN)           
19 Global Medical Display Monitors Market Outlook, By Technology  (2021-2030) ($MN)           
20 Global Medical Display Monitors Market Outlook, By Cold Cathode Fluorescent Lamps (CCFL) (2021-2030) ($MN)           
21 Global Medical Display Monitors Market Outlook, By Light Emitting diode (LED) (2021-2030) ($MN)           
22 Global Medical Display Monitors Market Outlook, By Organic Light Emitting Diodes (OLED) (2021-2030) ($MN)           
23 Global Medical Display Monitors Market Outlook, By Application  (2021-2030) ($MN)           
24 Global Medical Display Monitors Market Outlook, By Dentistry (2021-2030) ($MN)           
25 Global Medical Display Monitors Market Outlook, By Digital Pathology (2021-2030) ($MN)           
26 Global Medical Display Monitors Market Outlook, By Mammography (2021-2030) ($MN)           
27 Global Medical Display Monitors Market Outlook, By General Radiology (2021-2030) ($MN)           
28 Global Medical Display Monitors Market Outlook, By Surgery (2021-2030) ($MN)           
29 Global Medical Display Monitors Market Outlook, By Other Applications (2021-2030) ($MN)           
            
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.            

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

Frequently Asked Questions

In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.

Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.

All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

We have 3 different licensing options available in electronic format.

  • Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
  • 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
  • Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.

All our reports are typically be emailed to you as an attachment.

To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.

We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.

Request Customization

We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.

WHY CHOOSE US ?

Assured Quality

Assured Quality

Best in class reports with high standard of research integrity

24X7 Research Support

24X7 Research Support

Continuous support to ensure the best customer experience.

Free Customization

Free Customization

Adding more values to your product of interest.

Safe and Secure Access

Safe & Secure Access

Providing a secured environment for all online transactions.

Trusted by 600+ Brands

Trusted by 600+ Brands

Serving the most reputed brands across the world.

Testimonials